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Monday, February 21, 2011Central Bank: the right to request the Parliament of borrowing from the reserve in times of crisis
An advisor of the Central Bank Mzarmohamd Saleh, said that legislative authority is the decision maker to borrow from the cash reserve in the event of financial crises or disasters in the country.
And Saleh said in a statement to the Agency by news Sunday that according to the Iraqi constitution, the central bank is linked to the parliament, he will decide to borrow from Ctaaiti cash in the event of a crisis, referring to the bank a basic tenet of the State.
The central bank had refused to lend to the government fiscal deficit amounts of the cash reserves to address the budget in 2011 under the pretext that it would put the country in the (economic quandary) in front of the international community.
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